Banc De Binary
Banc de Binary Representative
- Messages
- 41
Thank you for the update Stung.
Please try to select the correct prefix when making a new thread in this folder.
Discuss is for general discussions of a financial company or issues related to companies.
Info is for things like "Has anyone heard of Company X?" or "Is Company X legit or not?"
Compare is for things like "Which of these 2 (or more) companies is best?"
Searching is for things like "Help me pick a broker" or "What's the best VPS out there for trading?"
Problem is for reporting an issue with a company. Please don't just scream "CompanyX is a scam!" It is much more useful to say "I can't withdraw my money from Company X" or "Company Y is not honoring their refund guarantee" in the subject line.
Keep Problem discussions civil and lay out the facts of your case. Your goal should be to get your problem resolved or reported to the regulators, not to see how many insults you can put into the thread.
More info coming soon.
Good for you that you have video evidence over them. I do not have any of that unfortunately. The Financial Ombudsman Office has not even responded to me after my official report with the €20 and I've followed up with them on the same again yesterday. I hope that you get all your funds back from these scammers.Thanks for your comments, I am dealing with the complaints department and there is progress, I am seeking some independent legal advice to see what my best option is. I agree that this is not appropriate treatment of people and their money, the trigger for the complete loss of funds is when the client requests to withdraw money.
I do have evidence which is supporting my case. I was told that cysec is not the regulator for accounts outside the eu so basically complaints made to cysec are forwarded to bdb
Hi Kotton, appreciate anything you can do to bring these scammers to light.Long story short unless you have evidence over them that would beat them in a court of law you will not see your money. These companies are tightly regulated and they trade down your account balance because they cant take funds in your account as that is theft, so the only way for them to legally take your money is to purposely trade it at a loss. I'm pretty certain these companies will be required to hold records of all investments made for each account for many years so you could maybe try and legally aquire these records as proof of purposeful neglect of your account, not really sure how else you would get your money back without at hand evidence of misdoing. Personally I think these brokers are sick, they take personal pleasure out of the misery and humiliation of others and its on the same level as sickness as sexual predators. After reading some of these terrible stories, mostly involving bancdebinary and Edward West I'm going to look into trying to escalate this industry problem to the EU. Governments don't care if people lose money really but when they have to pick up the tab for peoples missing retirement funds they might start to realise that they are getting scammed by these companies too. Unfortunetly these companies make more money from the interest on held funds than they pay in fines so regulators like Cysec don't really work.
I was told that cysec is not the regulator for accounts outside the eu so basically complaints made to cysec are forwarded to bdb
I had a lot of money in my account. I caught on to their trade down to 0 scheme. Then I placed many withdrawals. They would not allow it. They then locked me out from accessing my account. They stole all the money from my account, approximately 219K. Now I have 0 in my account.Hi Kotton, appreciate anything you can do to bring these scammers to light.